Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Brand imaging, lawsuits, loss of respect in the industry, and mass departures of crucial personnel all stem from people’s perceptions of the organization’s actions during a crisis.
Cyber incidents happen every day. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks. Exposure to corporate data, employee information, and access to the global supply chain are frequently targeted by hackers and cybercriminals.
These attacks have driven the cost of cyber insurance premiums higher. Many insurance companies spend more time evaluating claims to ensure the clients have done all the due diligence. Cyber insurance has become more critical to organizations to help offset the risk to the company.
A critical part of ESG centers around organizations’ strategy relies on executing human capital management and compliance with the various labor practices.
Does the organization follow national and international hiring and compensation and invest in…
